Night Owl Capital Management, LLC Long-Term Concentrated

Location: Greenwich, CT

CIK: 0001410833 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Feb 14, 2020

Total Value: $348M (100.0% shares, 0.0% debt)

Holdings (27)

MA MASTERCARD 12.4%

Value $43.15M Shares 144,503 Share Price $298.59 * Est. Cost/Share $70.71 Unrealized @ Report Date +285.5%

Value $38.08M Shares 202,681 Share Price $187.90 * Est. Cost/Share $57.35 Unrealized @ Report Date +200.9%

MSFT MICROSOFT CORP 8.1%

Value $28.12M Shares 178,306 Share Price $157.70 * Est. Cost/Share $38.04 Unrealized @ Report Date +266.0%

AMZN AMAZON.COM 8.0%

Value $27.81M Shares 15,050 Share Price $1847.84 * Est. Cost/Share $31.20 Unrealized @ Report Date +183.7%

SHOP SHOPIFY 7.4%

Value $25.76M Shares 64,802 Share Price $397.58 * Est. Cost/Share $8.77 Unrealized @ Report Date +285.7%

GOOG ALPHABET INC. CL C 6.9%

Value $23.93M Shares 17,902 Share Price $1337.00 * Est. Cost/Share $30.50 Unrealized @ Report Date +110.0%

Value $17.05M Shares 81,865 Share Price $208.29 Est. Cost/Share $71.75 Unrealized @ Report Date —

FISV FISERV 4.8%

Value $16.74M Shares 144,773 Share Price $115.63 * Est. Cost/Share $102.48 Unrealized @ Report Date +7.7%

NOW SERVICENOW, INC. 4.3%

Value $14.81M Shares 52,447 Share Price $282.32 * Est. Cost/Share $28.54 Unrealized @ Report Date +84.6%

META FACEBOOK 4.2%

Value $14.76M Shares 71,915 Share Price $205.26 * Est. Cost/Share $115.47 Unrealized @ Report Date +66.6%

OKTA OKTA INC 3.5%

Value $12.21M Shares 105,827 Share Price $115.37 Est. Cost/Share $55.17 Unrealized @ Report Date +108.7%

ADBE ADOBE SYSTEMS INC. 3.4%

Value $11.84M Shares 35,900 Share Price $329.81 * Est. Cost/Share $156.14 Unrealized @ Report Date +88.4%

— SMARTSHEET 3.3%

Value $11.49M Shares 255,738 Share Price $44.92 Est. Cost/Share $45.68 Unrealized @ Report Date —

RNG RINGCENTRAL INC. 3.3%

Value $11.32M Shares 67,096 Share Price $168.67 * Est. Cost/Share $89.81 Unrealized @ Report Date +83.5%

— ATLASSIAN CORPORATION PLC 2.9%

Value $9.936M Shares 82,562 Share Price $120.35 Est. Cost/Share $112.05 Unrealized @ Report Date —

— ALTERYX INC 2.9%

Value $9.918M Shares 99,113 Share Price $100.07 Est. Cost/Share $96.92 Unrealized @ Report Date —

WDAY WORKDAY 2.6%

Value $9.139M Shares 55,575 Share Price $164.44 Est. Cost/Share $151.66 Unrealized @ Report Date +9.5%

— TENCENT 1.8%

Value $6.279M Shares 130,262 Share Price $48.20 Est. Cost/Share $50.10 Unrealized @ Report Date —

PYPL PAYPAL HOLDINGS 1.7%

Value $5.997M Shares 55,437 Share Price $108.18 * Est. Cost/Share $79.24 Unrealized @ Report Date +31.2%

CSGP COSTAR GROUP 1.4%

Value $4.983M Shares 8,329 Share Price $598.27 * Est. Cost/Share $20.11 Unrealized @ Report Date +190.3%

BRK/B BERKSHIRE HATHAWAY INC CL B 0.3%

Value $1.085M Shares 4,790 Share Price $226.51 * Est. Cost/Share $207.14 Unrealized @ Report Date +4.8%

SPY SPDR TR UNIT SER 1 0.2%

Value $843K Shares 2,620 Share Price $321.76 Est. Cost/Share $285.90 Unrealized @ Report Date —

AAPL APPLE INC. 0.2%

Value $769K Shares 2,619 Share Price $293.62 * Est. Cost/Share $49.13 Unrealized @ Report Date +26.2%

BABA ALIBABA 0.2%

Value $673K Shares 3,173 Share Price $212.10 Est. Cost/Share $170.97 Unrealized @ Report Date —

JNJ JOHNSON & JOHNSON 0.1%

Value $434K Shares 2,975 Share Price $145.88 * Est. Cost/Share $67.77 Unrealized @ Report Date +68.3%

BRK/A BERKSHIRE HATHAWAY INC CL A 0.1%

Value $340K Shares 1 Share Price $340000.00 * Est. Cost/Share $275226.66 Unrealized @ Report Date +18.3%

GOOGL ALPHABET INC. CL A 0.1%

Value $226K Shares 169 Share Price $1337.28 * Est. Cost/Share $58.78 Unrealized @ Report Date +8.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	MASTERCARD	144,503	$43.15M	12.4%	$298.59 *	$70.71	+285.5%	COM	57636Q104
V	VISA	202,681	$38.08M	11.0%	$187.90 *	$57.35	+200.9%	COM	92826C839
MSFT	MICROSOFT CORP	178,306	$28.12M	8.1%	$157.70 *	$38.04	+266.0%	COM	594918104
AMZN	AMAZON.COM	15,050	$27.81M	8.0%	$1847.84 *	$31.20	+183.7%	COM	023135106
SHOP	SHOPIFY	64,802	$25.76M	7.4%	$397.58 *	$8.77	+285.7%	COM	82509L107
GOOG	ALPHABET INC. CL C	17,902	$23.93M	6.9%	$1337.00 *	$30.50	+110.0%	COM	02079K107
—	AON	81,865	$17.05M	4.9%	$208.29	$71.75	—	COM	G0408V102
FISV	FISERV	144,773	$16.74M	4.8%	$115.63 *	$102.48	+7.7%	COM	337738108
NOW	SERVICENOW, INC.	52,447	$14.81M	4.3%	$282.32 *	$28.54	+84.6%	COM	81762P102
META	FACEBOOK	71,915	$14.76M	4.2%	$205.26 *	$115.47	+66.6%	COM	30303M102
OKTA	OKTA INC	105,827	$12.21M	3.5%	$115.37	$55.17	+108.7%	COM	679295105
ADBE	ADOBE SYSTEMS INC.	35,900	$11.84M	3.4%	$329.81 *	$156.14	+88.4%	COM	00724F101
—	SMARTSHEET	255,738	$11.49M	3.3%	$44.92	$45.68	—	COM	83200N103
RNG	RINGCENTRAL INC.	67,096	$11.32M	3.3%	$168.67 *	$89.81	+83.5%	COM	76680R206
—	ATLASSIAN CORPORATION PLC	82,562	$9.936M	2.9%	$120.35	$112.05	—	COM	G06242104
—	ALTERYX INC	99,113	$9.918M	2.9%	$100.07	$96.92	—	COM	02156B103
WDAY	WORKDAY	55,575	$9.139M	2.6%	$164.44	$151.66	+9.5%	COM	98138H101
—	TENCENT	130,262	$6.279M	1.8%	$48.20	$50.10	—	COM	88032q109
PYPL	PAYPAL HOLDINGS	55,437	$5.997M	1.7%	$108.18 *	$79.24	+31.2%	COM	70450Y103
CSGP	COSTAR GROUP	8,329	$4.983M	1.4%	$598.27 *	$20.11	+190.3%	COM	22160N109
BRK/B	BERKSHIRE HATHAWAY INC CL B	4,790	$1.085M	0.3%	$226.51 *	$207.14	+4.8%	COM	084670702
SPY	SPDR TR UNIT SER 1	2,620	$843K	0.2%	$321.76	$285.90	—	TR UNIT	78462F103
AAPL	APPLE INC.	2,619	$769K	0.2%	$293.62 *	$49.13	+26.2%	COM	037833100
BABA	ALIBABA	3,173	$673K	0.2%	$212.10	$170.97	—	SPONSORED ADS	01609W102
JNJ	JOHNSON & JOHNSON	2,975	$434K	0.1%	$145.88 *	$67.77	+68.3%	COM	478160104
BRK/A	BERKSHIRE HATHAWAY INC CL A	1	$340K	0.1%	$340000.00 *	$275226.66	+18.3%	COM	084670108
GOOGL	ALPHABET INC. CL A	169	$226K	0.1%	$1337.28 *	$58.78	+8.9%	COM	02079K305